Zip 48706 (Bay City, MI) Housing

Bay City, MI (48706) has a median housing value of $145,100, which is significantly lower than the US median value of $338,100. Despite this difference, housing values in Bay City are appreciating quickly at 9.81% over the past year. This is higher than the national average of 8.27%. Those planning to buy or sell a home in Bay City should take advantage of this market trend and capitalize on the opportunity for great returns on investment.

The median home cost in Bay City (zip 48706) is $145,100. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Bay City (zip 48706) is up 14.8%.

Average Age of Homes

- The median age of Bay City (zip 48706) real estate is 53 years old

The Rental Market in Bay City (zip 48706)

- Renters make up 19.0% of the Bay City (zip 48706) population
- 0.7% of houses and apartments in Bay City (zip 48706), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bay City, Michigan	United States
	18,176.0	139,647,020.0
	58	42
	$145,100	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$17.56	$10.98
	$1,940	$2,690
	71.2%	57.4%
	7.0%	11.2%
	21.8%	31.4%
Vacant Housing
	0.7%	1.9%
	0.5%	0.4%
	0.0%	0.7%
	3.4%	0.4%
	1.7%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	4.1%	2.4%
	7.8%	2.8%
	13.9%	3.9%
	13.8%	4.5%
	19.3%	11.3%
	16.4%	13.0%
	13.8%	20.1%
	3.0%	13.6%
	0.9%	8.3%
	1.0%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	8.9%	13.6%
	6.7%	13.2%
	15.5%	14.8%
	8.9%	13.6%
	15.7%	10.0%
	9.1%	4.7%
	21.2%	12.2%

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